StockNews.com Initiates Coverage on SunLink Health Systems (NYSE:SSY)

Analysts at StockNews.com initiated coverage on shares of SunLink Health Systems (NYSE:SSY) in a report released on Thursday. The brokerage set a “hold” rating on the stock.

SunLink Health Systems Stock Performance

Shares of SunLink Health Systems stock opened at $0.64 on Thursday. The business has a 50-day moving average of $0.73 and a 200 day moving average of $0.81. SunLink Health Systems has a 12 month low of $0.54 and a 12 month high of $1.10.

SunLink Health Systems (NYSE:SSY) last posted its quarterly earnings data on Tuesday, February 13th. The company reported ($0.06) earnings per share for the quarter. The company had revenue of $8.51 million for the quarter. SunLink Health Systems had a negative return on equity of 18.36% and a negative net margin of 16.69%.

Institutional Investors Weigh In On SunLink Health Systems

An institutional investor recently raised its position in SunLink Health Systems stock. Wittenberg Investment Management Inc. boosted its stake in SunLink Health Systems, Inc. (NYSE:SSY) by 45.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,116 shares of the company’s stock after acquiring an additional 17,938 shares during the period. Wittenberg Investment Management Inc. owned 0.81% of SunLink Health Systems worth $46,000 as of its most recent SEC filing. Institutional investors and hedge funds own 23.67% of the company’s stock.

About SunLink Health Systems

SunLink Health Systems, Inc, through its subsidiaries, provides healthcare products and services in the southeastern United States. It operates in two segments, Healthcare Services and Pharmacy. The Healthcare Services segment owns and operates a 49-licensed-bed acute care hospital, which includes a 26-bed geriatric psychiatry unit; two clinics; and a 66-bed extended care and rehabilitation centre.